WORLD FROM MY PERSPECTIVE

ISSUE OF SYRIA: INTRODUCTION TO SYRIA: Syria once known as the “kingdom of silence” is now scattered with the deaths of the civilians in the war between the Syrian official government and the rebel forces against it. The issue is all to oust the incumbent president and his “Ba’ath party” which continued its regime in Syria since 1970. Syria is a single party nation where the people have no choice but to support the existing Ba’ath party and its leaders. STORY OF SYRIA AND THE EMERGENCE OF CIVIL WAR: Hafiz al Assad is the first president who established his power in Syria in 1970 and ruled for 30 years. After his death in 2000, there took place a big drama of social and politic debate about electing the next leader of the country. Then came Bashar al Assad to be the ruler. This was the time when all the Arab countries revolted against their rulers to oust them from power and started a protest called “Arab spring.” Syria has the majority population of Sunnis and minor

         TRENDS IN RUPEE DEPRECIATION SINCE 1947 Most of the Indians are not aware of the fact that the value of Indian currency was equal to that of the dollar in 1947. Then how come it got depreciated in such a manner? There are many reasons that led to the downfall of the rupee step by step since independence which finally had its value as 67 INR a dollar. THE REASONS FOR THE DEPRECIATION: 1947 - 1967: 1) The Indian rupee was compared only to the British pounds until 1947. Then we had the rupee value equal to that of the dollar value. We did not even need any foreign borrowings at that time. But the emergence of the first five year plan made a requirement of huge finance investments leading to the external borrowings. The demand for the borrowings introduced the concept of rupee devaluation in the Indian economy. 2) India followed a “fixed rate currency” regime in which the governments try to maintain their currency value constant against one another. Here the governm